I am starting my business as a wholesaler, and as it grows, I will do fix & flip, buy and hold, & eventually apartment/commercial buildings.I am all excited about this business, because I meet people from every sphere, also being in my mid 50's, I need to build some residual income, to secure my nest egg for retirement.

I'd like to grow a portfolio and I'm not sure if starting with a 450k house is the right place to start.

If you're like me, you're probably pretty thankful growing up and working in that environment, because you get a hell of a headstart.

Rich Dad Poor Dad (Favorite book)Cashflow QuadrantGuide To InvestingThe Ultimate Beginner's Guide to Real Estate Investing (was my 1st pure real estate book)The Art of DealThe ABC's of Real Estate InvestingThe Unofficial Guide to Real Estate InvestingThe E-mythThe Power of Positive ThinkingThe Magic of Thinking BigThe 7 Habits of Highly Effective PeopleThe 21 Irrefutable Laws of LeadershipAwakening the Giant WithinYour Erroneous ZonesThe Power of NowEmotional IntelligenceThink and Grow RichStart With WhySlight EdgeThe Compound Effect48 Laws of PowerThe Wealth of NationsThe Art of SeductionThe 5 Love LanguagesThe Art of StartThe Crash CourseBusiness Model GenerationSecrets of the Millionaire MindThe SecretThe Art of WarEmotional Intelligence The Psychology of WinningThe 4 AgreementsThe Richest Man in BabylonThe 7 Spiritual Laws of SuccessThe monk who sold his FerrariA whole new worldYour Erroneous ZonesAs Man ThinkethEat that FrogI read Rich Dad Poor Dad and I quitted from College in 2012 (I started in Real Estate in 2007), I was about to start a degree on Computer Science with a minus concentration in business administration.

You will rapidly grow in your 20s, and so will your salary, but if you learn to live efficiently then it can be a great boon to your investing.

As your experience and confidence grows you will be able to search through more distant markets, but as you said that you are just starting, I believe the best advice is to being by investing locally.Though other markets may offer a higher return, make sure you factor in the additional costs.

Pouring a concrete form isn't the time consuming part.Love 3D printers.

We're now working on our first flip, and are planning to sell our current home once renovations are done, and move into a small multi-family closer to my day-job in New Orleans.We'd love to connect with other investors in both the Mobile and New Orleans area, or really anywhere (we like to travel) and continue to grow in the REI field.

Essentially the consumer is agreeing to the fees after the fact.

I do this to make money and grow wealth, not to make friends and grow the economy.I suspect that your perspective on the numbers right now is flawed, but not knowing anything but asking price and offer prices doesn't allow me any insight into whether the deal makes sense.